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Mercury General MCY Property & Casualty — Loss adjustment expenses

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Other financials

Income statement

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Revenue$1.5B+10.5%
Net income$190.4M+276%
EPS (diluted)$3.44+276%

Balance sheet

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Cash & equivalents$1.4B+5.1%
Total debt$12.7M-29.2%
Total assets$9.9B+9.4%

Cash flow

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Operating cash flow$325.6M+574%
CapEx$16.8M+27.8%
Free cash flow$308.8M+477%

Valuation

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Market cap$5.69B+57.7%

Profitability

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Net margin13.7%+8.6pp
FCF margin23.1%+10.1pp

Where this comes from

Reported directly by Mercury General in its filing.

Tagged under the XBRL concept mcy:ClaimsAdjustmentExpenseIncurredClaims.

The official record: Mercury General’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercury General's property & casualty — loss adjustment expenses?
Mercury General (MCY) reported property & casualty — loss adjustment expenses of $135.7M in Q1 2026.
How has Mercury General's property & casualty — loss adjustment expenses changed year-over-year?
Mercury General's property & casualty — loss adjustment expenses decreased by 10.1% year-over-year, from $151M to $135.7M.
What is the long-term trend for Mercury General's property & casualty — loss adjustment expenses?
Over 3 years (2022 to 2025), Mercury General's property & casualty — loss adjustment expenses has grown at a 7.0% compound annual growth rate (CAGR), from $495.9M to $607.6M.
What does property & casualty — loss adjustment expenses mean?
Costs incurred in the process of investigating, adjusting, and settling insurance claims. These expenses are essential for managing the claims lifecycle and directly impact the overall combined ratio.